112-120 E Redwood Street, San Diego, CA 92103

$2,799,900 Approx. USD 6 beds, 5 baths

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Marketed By Paul Roberts REALTOR® - Sales Associate 619-890-0641 m
619-578-7875 o
Lic#: 01208393
NRDS ID: 196505226
paul@sellsandiego.com San Diego Downtown Office
516 5th Ave
San Diego, CA 92101
Phone: 619-595-7020
Fax: 619-702-9044

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Agent Remarks

A rare 3-unit Banker's Hill investment, available for the first time in 22 years. Designed for the live-in investor: settle into a designer-finished home while two rental units help assist with the mortgage. Also ideal for multi-generational families seeking separate yet connected living spaces under one roof. Top-floor #120 (2BR/2BA, 909sf) carries $280K in PIRCH-sourced improvements: full marble-walled gas fireplace, Liebherr/Bosch chef's kitchen with wine cooler and skylight, spa-caliber primary bath, and a private yard. Lower #112 (2BR/2BA, 1,243sf) and upper-corner #116 (2BR/1BA, 1,216sf) each add two flexible bonus rooms, renovated kitchens, Carrara marble baths, restored hardwoods, wooden shutters, AC, and bay/sunset views. Current rents $3,850/mo each on month-to-month leases; projected market gross $17,000/mo. Three single garages currently bundled with the units and available to unbundle for added income. Strong Airbnb upside: live in one, rent the other two short-term. Lush landscaping on a 5,236 sf lot, steps to Balboa Park, Little Italy dining, and the bay.

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)

Status: ACTIVE

MLS# 260011969

Price: $2,799,900

Beds: 6

Baths: 5 (5 full)

Built in 1936

1 story

0.12 acres

Subdivision: SAN DIEGO

County: San Diego